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20121204
20121204
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to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax reform that includes closing the loopholes, eliminating some of those tax credits, that will actually impact the wealthiest. >> reporter: some republicans said the boehner plan goes too far in taxing the well-off. south carolina senator jim demint, a staunch fiscal conservative, blasted the plan on twitter today. he said speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more. but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >> you can't let these negotiations be dictated by the tea party. our guiding principle should be the views of the vast majority of the american p
'm not going to say it. >> you are in our hearts. you can tell us what's going on in washington. what's going on in washington? >> bad dynamics. >> really? >> those of us optimistic there'd be a deal. the white house has blasted boehner's offer as much as the republicans blasted the president's. people like to say, oh, they're going to posture, but behind the scenes they're working it out. they're not. >> i hear chuck todd reported yesterday behind the scenes a top aide to barack obama, willie geist. and this -- i don't -- i'm not really good at reading the tea leaves. maybe this is good, maybe this is bad. but a top obama aide yesterday told chuck todd that if the republicans -- if these republicans were in power when abraham lincoln were there, there would still be slavery. does that help the process move along? or does it hurt? i don't really know -- >> reading between the lines. >> i know one direction, i know boy bands. >> reading between the lines, that's probably a bad omen. we do have four weeks, though. >> that's bad. >> absolutely. we have, i believe, we have 27 negotiating days. un
a double whammy if we go over the cliff. what compromises he'd love to see come out of washington, and how he believes they could reach them. this is a guy who deals with the democratic senate, so, really, he knows how to cross the aisle to make it happen. david: somebody else you know about, with all the talk about tax increases, the idea of a simple flat tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high historically. action in the metals. silver, platinum, all sinking more than 1%. silver was today's biggest loser dropping near
in washington for jpmorgan chase. the probe covers $5.8 billion in losses. it is caused by the london whale, a trader that got a reputation for big bats with complex financial investments. the wide net that the subcommittee appears to be casting will not necessarily lead to any formal charges against the bank, any formal hearings on the trading losses or any scathing reports. senator carl levin, the chairman of this subcommittee, criticized the bank in may when it announced this law saying it "made a very big and complicated that that now has gone very wrong." he is now one of the sentence leading critics of wall street. they did not comment on our story today. if a probe generates any substantive results, that could mean war headaches for ceo jamie dimon. it has been investigated whether -- that issue as well as the bank's internal controls oversight of traders and other matters could be among the subjects of the subcommittee's probe. melissa: peter barnes, thank you so much. lori: breaking news out of egypt. thousands of protesters ready to march on the palace to protest president morsy.
of the program on arab politics at the washington institute for near east policy a "american bandstand" group of scholars whose mission is to advance america's interests overseas. how big a move is this movement of chemical weapons? what does it tell us in the big picture? >>guest: it is very significant. it highlights the desperation of assad regime, the fact he is mixing the recursors of sarin gas, that is a scare tactic for us to keep us out of it, and, also, warning the people of syria he could be prepared to use these if he is brought down. >>shepard: based on what the united states has said and not said or done, what is the united states goal? >>guest: the united states does not want to be involved militarily. 40,000 dead on the ground that we know and another 40,000 missing and likely resumed dead, we don't want to get involved militarily or set up a in fly zone. we have left saudis to arm the rebels in turkey but the result of that is mostly islamists have been getting the weapons in syria. we want this to end quickly and we would like russia to offer an escape package for bashar al-a
, if anything, iran has captured. we're getting very two different stories from tehran and washington. washington denying iran has done anything. iran with a very different story and they're already using this to say that they've score d a bg intelligence victory over the u.s. the reports in state media in iran started early, according to iran captures a u.s. drone after it flew into iranian air space, southern iran. iran describing this drone as a scan eagle, about a ten-foot wing span that can go about 24 hours without refueling. iran already boasting a win, putting it on display, video clip posted online, carol, showed what appeared to be two military officials examining what looked like a u.s. drone with that poster that you mentioned with the title "we will trample on the u.s.." >> i don't mean to change the subject. we hear the yelling behind you. you're in cairo, egypt. what's going on behind you, reza? >> reporter: these are the option factions here in cairo, who are back in pretty big numbers, few thousand of them in egypt, protesting against president morsi's decrees and thi
such as this would not be tolerated. chief washington correspondent james rosen is live at the state department with the very latest. james? >> reporter: megyn, good afternoon. a spokesman for secretary of state hillary clinton says this afternoon that these u.s. warnings about the potential use of chemical weapons against the syrian people are being conveyed to the regime of president bah shark al assad both publicly and privately. western intelligence agencies over the last week have detected suspicious movements of chemical weapons components at selected sites inside syria. the regime is thought to be growing more desperate as fighting in and around the capital city, damascus, at the same time has intensified. today brings word of a high school teacher and 29 students being killed in a mortar incident at a school there. meantime, nato officials say once the parliaments in germany and the netherlands -- which is expected -- it'll be only a matter of weeks until missile systems are installed along turkey's border with syria so as to guard against possible reprisals for the country's staunch su
for our state and finances. we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal government over this fiscal cliff situation. our next guest is here to say, our point is, we need the government out of the markets and we need to get them out now. he is in d.c. today. what does that mean, you need to get the government out of the markets? >> you know the solution. they have to compromise. cut spending, cut entitlements and increase tax. that is the bottom line. there is just too much affecting this market. the word on the street is, by boehner, so read. we have to get the government out of the market. connell: you can see where the compromise could hap
term the best way to break washington stalemates, rally the public to their cause. here's how the president put it to cbs news. >> so getting out of this town, spending more time with the american people, listening to them and also then being in a conversation with them about where do we go together as a country, i need to do a better job of that in my second term. >> better job of explaining? >> well, explaining, but also inspiring. >> reporter: wolf, when it comes to a deal on averting the fiscal cliff, negotiations are on deep freeze. from the white house's perspective, they're not going to budge until house republicans come around to the view that tax rates on the wealthiest have to go up. but you know house republicans don't want to agree to any kind of deal that includes that. so right now it's a blinking contest. of course, the white house thinks it's one they'll ultimately win, because in the new year tax rates automatically go up. >> and there could be a recession once again if we go into that fiscal cliff. how worried are officials over at the white house that the pr
things done in washington than playing politics. i think to recognize there's been real progress made, right the border is safer today, the immigration system is better, the two parties worked together to do that over the last few years. there are still some meaningful things that need to get done. the d.r.e.a.m. act, we have to fix the low-end and high-end visa system. the mexicans are going to do a whole boar border system. i think there will be a lot of room to work together next year to get something meaningful done. if the republicans are earnest and play it straight i think they'll get a lot of credit for working with the democrats to fix the broken immigration system and making it better. jon: getting something meaningful done, it seems like a longtime since that's happened in washington. we'll look forward to it. simon rosenberg. kate obenshane thank you much. jenna: the nato alliance warning the assad regime in syria against using chemical weapons against his own people. this is an attempt to for once and for all crush the 21-month rebellion there. nato is considering a turki
of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >>
doom if it a deal isn't cut by year's owned. but washington, both side have dug in their heels, and the answer may be that suddenly the sliding down the fiscal slope does not seem that bad. maybe that's why the republicans leaders like speaker of the house john boehner were able to put off making a counter proposal to the president's offer until today. crossing the red line on the talks by rejecting the demind that the republicans accept a hike in the marginal tax rate for those with income over a quarter million dollars a year. my view? obviously i agree with the white house on the substance and as i have said before, their hand gets stronger over time. but sometimes a new idea can change the dynamic. here is an idea that has been around for a long time, supported by james tobin way back and pushed by ralph nadar in a "washington post" op-ed this weekend. impose a tax on financial transactions. it will give us up to $100 billion a year, fail on a sector that has generateed enormous unwarranted profits for very few but benefited from huge bailouts the regulatory help but by and
is poised to double the number of site to 1,400. let's get you back to washington and the sail mate going on over how to deal with our crushing debt. the white house immediately rejected the gop plan to cut $2 trillion from the deficit saying it doesn't quote meet the test of balance. the gop said the same thing about the white house's opening salvo. the gop says the ball is now in the white house's court. where are we with the dollars here? >> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference
. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine are expecting a baby. but what happens if they have twins? >> the top baby names of 2012 were just announced and sophia is the top name for girls and aiden is the top name for boys. >> sochlt pphia and aiden. least popular, kim jong and sandusky. captioning funded by cbs republicans seem to be at a standstill. >> on monday gop leaders made their counter offer to president obama and officials quickly dismissed it. major garrett is at the white house this morning. good morning. >> reporter: good morning, charlie and norah. there's no prospect for a deal and not much talking going on either. for the first time there are numbers on the pieces of paper from the white house and the congressional republicans. there are disagreements from both sides of how serious those numbers are. for
to keep digging. pick your poison. -ither way this great country is dead. call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headl
it vague as you saw shep as to what washington might do about it. >> this isn't the first time that the president and the secretary of state have drawn this red line. >> no, it's not. and critics of the obama administration warn that setting such a high bar to greater u.s. involvement in that conflict, namely the waging of chemical war by a nation against its own citizenry could be sending the assad regime the wrong message. >> it sort of suggests or implies that anything up to this red line we're not going to take action. and i think it will be disheartening for that reason to the syrian opposition because as we said, shep, 40,000 people have been killed and i think they will will look at this and say, well, you know, how many more people would need to be killed before the international community decides to take action putting aside the question of the chemical weapons. >> now, the fighting in syria has gotten so bad that the united nations announced today it is withdrawing all of its nonessential personnel. about 25 of the remaining 100 u.n. staff who are still in the country
. the 10-year projections. when was last time in washington 10-year spending projections actually came in at or below what the projections were meant to be? it never happens. same is true on the revenue side with taxes. i think the numbers we're laying out here are probably the quote, unquote best-case scenario in terms of what could actually happen. just in terms of the pure math. not in terms whether or not it is good policy, just in terms of pure math. one reason going over the cliff looks more attractive in terms of bottom line numbers because there is that huge tax number. now, there are all sorts of reasons beyond that --. melissa: why is that, to raise that much revenue and give it to the government? i don't understand why that is appealing? >> it is not appealing to me. melissa: okay. >> it would be ap peeling from a math perspective because the number is bigger. but the problem is, the number won't be that big no matter what happens. you can talk about dynamic scoring. look at different ways revenue won't be revenue it is projected to be. you're talking about something that wo
Search Results 0 to 16 of about 17

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